Big Company, LLC
MINUTES OF MANAGERS’ MEETING
The Managers of Big Company, LLC, a California Limited Liability Company, held a meeting on December 25, 2010, at 1234 Street, Nice City, California, 98765.
The Managers of the LLC, Bob La Blaw and Hans Doun, attended the meeting.
The Managers acknowledges that the following persons are the Managers of the LLC:
Bob La Blaw General Manager
Hans Doun Manager
The General Manager informed the Board that it would be necessary to establish one or more bank checking and savings accounts for the LLC business The Managers noted that an SS-4 form shall be (or has been) submitted to the Internal Revenue Service, applying for an employer identification number. The Managers adopted the following resolutions:
RESOLVED, that this LLC establish in its name one or more deposit accounts with a bank or banks and that the General Manager and Manager of this LLC are authorized to select and establish such an account or accounts, on terms and conditions as agreed on with the bank; and
RESOLVED FURTHER, that the General Manager and Manager are authorized to designate as depositories of this LLC's funds at one or more other banks, trust companies, or other financial institutions, and to open, keep, and close general and special accounts in such depositories.
RESOLVED FURTHER, that General Manager and Manager of this LLC are authorized to endorse checks, drafts, or other evidences of indebtedness made payable to this LLC, for the purpose of deposit; and
RESOLVED FURTHER, that all checks, drafts, and other instruments obligating this LLC to pay money, including instruments payable to officers or other persons authorized to sign them, shall be signed on this LLC's behalf by the General Manager and Manager.
There being no further business to come before the meeting, the meeting was adjourned by the General Manager.
Secretary of the LLC
Approval of Minutes
The Managers have reviewed the above Minutes of and approve these Minutes as the Minutes of the meeting of the Managers.
Bob La Blaw
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Disclaimer: Please note that this answer does not constitute legal advice, and should not be relied on, since each state has different laws, each situation is fact specific, and it is impossible to evaluate a legal problem without a comprehensive consultation and review of all the facts and documents at issue. This answer does not create an attorney-client relationship.
Members may not sign bank accounts for an LLC. Managers may sign. Members must have some position in the LLC other than a member to be a signer. Any manager can have limited powers, as may be set forth in the LLC operating agreement.